BITCOIN VIRTUAL MACHINE AND LAYER 2 SOLUTION
MVC IS THE POLYGON TO BITCOIN AND ONLY 3M MC 🤯
Why I believe MVC is going to be a powerhouse in crypto and more specifically the Bitcoin ecosystem.
MVC’s mission is to bring mainstream usage of the Bitcoin network via their Bitcoin Virtual Machine thus creating a layer 2 Bitcoin parallel universe.
All you need to do is look at the Ethereum Ecosystem for an example. Due to the congestion and gas fees, it was not a viable option to use Ethereum alone. The Ethereum ecosystem needed solutions in order for it grow and be adopted, and we saw the emergence of layer 2 scaling solutions like Polygon. We are now seeing the same issues Ethereum faced when it began to grow with Bitcoin and BRC-20.
The importance of MVC to the Bitcoin Ecosystem is huge, I see it becoming the Polygon of Bitcoin and possibly even bigger due to Bitcoin being king. MVC is going to open the door to developers and users to have the necessary tools and infrastructure to create Dapps, DeFi, NFTs and more on the Bitcoin Network.🔥
✅ MVC has proven itself by building first and talking second. Working apps, show3, mvcswap, metalet (like metamask) just to name a few. Proven scalability and speed of 10,000TPS on MVC test network. Industry first BRC20 orderbook about to be released. It is crazy to think that MVC only launched earlier this year and has already delivered so much in such a short time. This development speed for a newly launched project is far beyond what we are used to seeing and shows the seriousness and the experience behind the teams. And yes I say teams because there are 5 teams building this monster project!💥
MVC currently sits at a $3.00 with a marketcap just under 3M🤯, and with the potential to be as big or even bigger than Polygon it would mean that just a $100 investment at these prices would amount to $227,900 if it reached Polygons marketcap. That is a 2279X return in the future, which I believe it has the technology, vision and team to achieve this in the future. 🚀
You can currently buy $SPACE on a limited number of exchanges, with majority of the liquidity being on Safe.Trade ,which is a relatively unknown exchange to most, I myself had never heard of it until I found MVC. This makes me even more bullish as once we start to hit more and more well known exchanges the exposure will grow and grow 📈 MEXC listing is scheduled for the end of June/early July. Although there has been some fud about MEXC I think long term it can only help get more eyes on the project.
Marketing
You may ask yourself what marketing? Exactly! The team hasn’t even started marketing, while much is being prepared behind the scenes, the time isn’t right yet, the market is horrible, and the DAO committee needs to be established first so that funds from POB can be approved by proposals submitted to the community DAO. So once the time comes and it’s pushed to grab the attention of the crypto space, no one will be able to ignore this beast in the making.
I wouldn’t consider a AMA much of a marketing effort. This one on Binance Live gives some good alpha from the team and worth a watch though 👉 https://twitter.com/Moon1ightSt/status/1663908387212468229
The Tech
MVC possesses the industry’s first POW turing-complete high performance smart contracts based on Bitcoin UTXO model. With their built-in layer-1 Decentralized Identity (DID) solution MVC has achieved ultra-high performance of over 10,000 transactions per second (TPS) on the test network.
Development
MVC’s ecosystem already boasts over 20 available applications and over 10,000 active addresses, poised to build a future of hosting massive applications and serving billions of users on the Bitcoin network. Unlike other solutions that require modifications to the main network, MVC seamlessly builds upon the existing foundations of Bitcoin. Constructing an additional layer on top of Bitcoin ensuring stability while evolving harmoniously with the Bitcoin ecosystem.
A few of my most used and loved applications so far👇
Show3.io
Think of a decentralized discord — We currently use Show3 for DAO proposal and voting, it also has channels for members to discuss the project like discord. Also incorporates a NFT market into the app.
MVCSWAP
Experience UTXO-based DEX with unmatched Security, Scalability, and Speed
METALET
A non-custodial wallet like metamask that will give the capability to switch between Bitcoin main network and microvisionchain.
The full ecosystem in a visual
Tokenomics
The tokenomics are often cause for fud in the telegram group as MVC has approached this with a new concept called Proof Of Build (POB) what this means is there was a premine of 55% of $SPACE coins that are subject to a quarterly vesting of 2.5%. These coins have to be approved for use by a DAO proposal and voted on to go ahead to enter the market. The usage of POB is for building and growing the project. To entice developers and contributors to build on MVC. An incentivised long term view to creating a massive ecosystem built on top of Bitcoin with the aid of MVCs ability to act as a layer 2 technology for Bitcoin. The current 5 teams share in 70K $SPACE per month for 27months, this also equates to 10% of the supply, which for some seems a-lot but it really isn’t when you take into account the work they have already done and plan to do, and the amount of hours this would take is huge. They have a big vision, which is going to take countless man hours to achieve and they need to be rewarded accordingly to ensure they can continue to build their vision.
Conclusion
MVC has massive upside potential with the ability to really change the Bitcoin Ecosystem for the better. Being POW and DAO run they will avoid being labelled a security by the SEC in the future ✅ . Being relatively unknown and at a tiny marketcap and on small time exchanges, the price will be volatile and it comes with it’s risks if you are a small term investor. So my advice to anyone is that firstly you must be in it for the tech and the long term, 1–2 years minimum. Secondly DCA is your best friend, buy the dips and add to your bag, instead of buying all at once, split your allocation over weeks and months. It is actually a gift to be buying a project of this magnitude at 3M MC, ignore the fud and the noise, I have not seen anything so solid as an early stage investment for a long long time in crypto! Again these are just my thoughts and not financial advice. Enjoy this gem 💎
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